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    Could be an interesting day tomorrow US Futures are up1%+ at the moment. Could see CNB move back up into the 50's

    CNN Business

    Global stocks and US futures are rising Tuesday as investors bet that Joe Biden will capture the White House and boost Democratic candidates for Congress Although Republican policies typically favor stocks, investors are eager for more fiscal stimulus as the United States contends with the coronavirus pandemic. Investors predict a "blue wave" of Democrat victories would lift the chances of a comprehensive stimulus deal getting passed in the winter.The willingness of investors to take on risk ahead of the election was surprising, particularly given the "buyers strike" towards the end of last week, said chief global markets strategist at Axi, Stephen Innes. "It tells me there is a lot of money sitting on the sidelines ... getting ready to ride the Blue Wave tsunami," he wrote in a research note. Premarket indicators showed Wall Street was heading for its second consecutive day of gains after stocks recorded their worst week since March. Dow (INDU)futures were last up 358 points, or 1.3%. S&P 500 (SPX) futures were up 1% and Nasdaq (COMP) futures were up 0.9%. What a Biden victory could mean for energy, health care and tech stocks"The outcome [of the election] will most likely have a huge impact on the scale of the [US coronavirus stimulus package] scheme, and its timing," wrote David Madden, market analyst at CMC Markets, in a research report. "It is possible that equity traders were keen to square up their books before voting took place."

    Could be another good day coming up tomorrow on the market.

    all the best

    FireflyOne
 
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(20min delay)
Last
47.0¢
Change
0.005(1.08%)
Mkt cap ! $80.81M
Open High Low Value Volume
45.0¢ 48.5¢ 42.5¢ $159.7K 352.6K

Buyers (Bids)

No. Vol. Price($)
1 26 46.0¢
 

Sellers (Offers)

Price($) Vol. No.
47.0¢ 46084 1
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Last trade - 16.10pm 06/08/2024 (20 minute delay) ?
CNB (ASX) Chart
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